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Power Finance Corp. will increase loans for renewable energy

May 30,2023

Power Finance Corp. will increase loans for renewable energy projects.

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Power Finance Corp intends to raise its loan book exposure to renewable energy projects from 10% to 27% (including significant hydro) by FY30. This includes supporting new areas like green hydrogen and ammonia. The company's expenditures for renewable energy projects might reach Rs 3 lakh crore over the course of the following seven years in order to meet the aim.

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